InBev to hold rights issue Oct 16-30

Fri Oct 3, 2008 10:19am BST

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BRUSSELS (Reuters) - InBev INTB.BR said on Friday it expects that the subscription period for its $9.8 billion (5.5 billion pound) rights issue to complete the takeover of peer Anheuser-Busch (BUD.N) will be open from 16 October 2008 to 30 October.

The move is subject to a final decision by its Board of Directors to proceed with and effectively launch the rights issue.

BNP Paribas, Deutsche Bank and J.P. Morgan are acting as joint global coordinators and joint bookrunners for the rights offering.

Fortis Bank, ING, ABN AMRO and Santander are acting as joint lead managers.

The definitive dates of the subscription period, and other terms of the rights issue, will be detailed in an announcement to be published by InBev in due course, the group said in a statement.

(Reporting by Antonia van de Velde)

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